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ECB's Nouy: Greek Banks Have Improved 'Noticeably and Substantially' in Past Two Years
There has been a significant improvement in the situation of Greek banks, both in terms of capital adequacy and governance, the European Central Bank...
Varoufakis, Die Linke MEP Reveal Request to ECB for Information on 2015 Closure of Greek Banks
Regarding the events in 2015 that led to a bank holiday and capital controls in Greece on his watch, the country's former finance minister...
2017's Low Deposit Rate Has Brought a 'Credit Negative' Event to Greek Banks, Moody's Says
Since the beginning of 2017, Greek bank deposits have been down, causing the international rating agency, Moody's, to call the first couple months of...
2016 Set New Record High for NPLs Written-off By Banks
As the financial crisis continues to grip Greece, many borrowers of funds who have non-performing loans (NPLs) are opting to not restructure their debt...
Greek Banks Sound Alarm Bells, Warn of Return to Uncertainty
After meeting with the heads of Greece's creditor institutions, representatives of the Greek Banks Association sounded the alarm bells, warning that the Greek economy...
BoG: Deposits in Greek Banks Fell €1.5 Billion in January
Greek banks' deposits by individuals and enterprises fell 1.5 billion euros in January to 119.7 billion euros, from 121.4 billion in December 2016, the...
Central Bank Data Shows Deposits into Cypriot Banks Reached €49 Billion in January 2017
Total deposits in the Cypriot banking system in January 2017 amounted to 49 billion euros, marking an increase of 6% year on year, according...
Strategic Defaulters Owe €10 Bln to Greek Banks
One in five (21%) of nonperforming loans in Greek banks’ portfolios, amounting to 10 billion euros, belong to borrowers who are able to repay...
Banks Concerned About January's Spike in Non-performing loans
Banks are becoming increasingly concerned about Greece's sudden rise in new bad loans since Janauary of this year.
Banks sources have reported that the spike...
ELA Borrowing Ceiling for Greek Banks Remains Unchanged
European Central Bank's governing council on Thursday approved a request by the Bank of Greece to maintain the ELA borrowing ceiling for Greek banks...